[House Hearing, 114 Congress] [From the U - How long can you finance a used car.S. Government Publishing Workplace] THE STRATEGIC SIGNIFICANCE OF STRUCTURE A STRONGER U.S.-- CARIBBEAN COLLABORATION ======================================================================= HEARING PRIOR TO THE SUBCOMMITTEE ON THE WESTERN HEMISPHERE OF THE COMMITTEE ON FOREIGN AFFAIRS HOUSE OF REPRESENTATIVES ONE HUNDRED FOURTEENTH CONGRESS SECOND SESSION JULY 14, 2016 Serial No. 114-189 Printed for the use of the Committee on Foreign Affairs [GRAPHIC( S) NOT AVAILABLE IN TIFF FORMAT] Offered through the World Wide Web: http://www. foreignaffairs.house. gov/ or http://www. gpo.gov/ fdsys/ _ U.S. GOVERNMENT PUBLISHING OFFICE 20-749PDF WASHINGTON: 2016 ----------------------------------------------------------------------- For sale by the Superintendent of Documents, U.S. Federal Government Publishing Office Web: book shop.
ROYCE, California, Chairman CHRISTOPHER H. SMITH, New Jersey ELIOT L. ENGEL, New York ILEANA ROS-LEHTINEN, Florida BRAD SHERMAN, California DANA ROHRABACHER, California GREGORY W. MEEKS, New York STEVE CHABOT, Ohio ALBIO SIRES, New Jersey JOE WILSON, South Carolina GERALD E. CONNOLLY, Virginia MICHAEL T. Mc, CAUL, Texas THEODORE E. DEUTCH, Florida TED POE, Texas BRIAN HIGGINS, New York City MATT SALMON, Arizona KAREN BASS, California DARRELL E. ISSA, California WILLIAM KEATING, Massachusetts TOM MARINO, Pennsylvania DAVID CICILLINE, Rhode Island JEFF DUNCAN, South Carolina ALAN GRAYSON, Florida MO BROOKS, Alabama AMI BERA, California PAUL COOK, California ALAN S. LOWENTHAL, California RANDY K.
YOHO, Florida ROBIN L. KELLY, Illinois CURT CLAWSON, Florida BRENDAN F. BOYLE, Pennsylvania SCOTT Des, JARLAIS, Tennessee REID J. How to finance building a home. RIBBLE, Wisconsin DAVID A. TROTT, Michigan LEE M. ZELDIN, New York DANIEL DONOVAN, New York City Amy Porter, Chief of Personnel Thomas Sheehy, Staff Director Jason Steinbaum, Democratic Staff Director ------ Subcommittee on the Western Hemisphere JEFF DUNCAN, South Carolina, Chairman CHRISTOPHER H. SMITH, New Jersey ALBIO SIRES, New Jersey ILEANA ROS-LEHTINEN, Florida JOAQUIN CASTRO, Texas MICHAEL T. Mc, CAUL, Texas ROBIN L. KELLY, Illinois MATT SALMON, Arizona GREGORY W. MEEKS, New York RON De, SANTIS, Florida ALAN GRAYSON, Florida TED S.
LOWENTHAL, California DANIEL DONOVAN, New York C O N T E N T S ---------- Page WITNESSES Mr. Eric Farnsworth, vice president, Council of the Americas and Americas Society ... ... ... ... ... ... ... ...... 4 Ms. Sally Yearwood, executive director, Caribbean-Central American Action ... ... ... ... ... ... ... ... ... ... 10 His Excellency Richard Bernal, pro-vice chancellor for international affairs, University of the West Indies in Jamaica ... ... ... 24 LETTERS, DECLARATIONS, ETC., SUBMITTED FOR THE HEARING Mr. Eric Farnsworth: Prepared declaration ... ... ... ...... 7 Ms. Sally Yearwood: Prepared statement ... ... ... ...... 13 His Excellency Richard Bernal: Prepared statement ... ...... 26 APPENDIX Hearing notification ... ... ... ... ... ... ... ... ...... 40 Hearing minutes ... ... ... ... ... ... ... ... ... ... 41 THE STRATEGIC VALUE OF BUILDING A STRONGER U.S.-- CARIBBEAN PARTNERSHIP ---------- THURSDAY, JULY 14, 2016 Home of Representatives, Subcommittee on the Western Hemisphere, Committee on Foreign Affairs, Washington, DC. Jeff Duncan (chairman of the subcommittee )administering. Mr. Duncan. Okay. https://penzu.com/p/17e1c0a3 A quorum existing, the subcommittee will come to order.
I would now like to recognize myself for an opening statement. Thank you, guys, for your perseverance. Today, we require to highlight an extremely crucial area in our hemisphere that regrettably typically gets overlooked. A lot of our Caribbean pals have consistently urged the United States to pay more attention to the Caribbean, and I want you to understand that I have heard you. I would likewise like to timeshare cancellation industry thank Ranking Member Sires in specific for his leadership in working to prioritize this subcommittee's concentrate on the Caribbean. However, while these are certainly crucial strengths for the area, the Caribbean has much more to use which U.S. services, universities, and local.
communities must think about when preparing future financial investment, academic research study, or where to develop stronger financial ties. Among the primary tools of U.S. engagement with CARICOM countries is the Caribbean Basin Initiative, or CBI, which was developed in 1983. Can we turn that sound down a little bit, sir? Can we turn that down just a bit? Okay. Which was created in 1983 and has actually subsequently expanded to offer 17 countries and reliant areas with duty-free access to U.S. This engagement has resulted in a 44-percent boost in U.S. exports to the Caribbean over the past 10 years, and last year the overall trade relationship between the U.S.
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and the Caribbean was $33. 4 billion. I think it is important to deal with our neighbors to mutually promote financial development through trade liberalization, regard for the guideline of law, and adherence to totally free market principles in order to attain prosperity that is sustainable for the region. How to finance a house flip. In addition, I am a company advocate of deeper U.S.-Caribbean energy relations. To me it is a great deal. U.S. has an abundance of oil, natural gas, and technical knowledge, and the Caribbean has some of the greatest energy expenses in the world and requires to decrease these costs by building facilities for delivering energy, integrating energy markets to bring in financial investment and funding, and establish pipelines and liquified gas structures. After all, the United States is the largest energy producer in the Western Hemisphere; jointly with Mexico and Canada, North America represents 71 percent of the hemisphere.
's unrefined oil and 28 percent of gas reserves in the hemisphere. Likewise, Argentina, Brazil, Colombia, Peru, and Trinidad and Tobago have substantial oil and gas production. In my view, freedom-loving, market-friendly, energy-producing nations in this hemisphere should be working more carefully together to pursue hemisphere-acquired, energy self-reliance which means helping non-energy producing nations including the Caribbean next-door neighbors in reaching this goal. Eventually, if the Western Hemisphere were more energy independent it would go a long way to transforming our societies and security and self-reliance and our economic development. and CARICOM. However, I remain concerned about the growing security challenges in the region from multinational criminal organizations that look for to use the region to deliver drugs, migrants, and contraband to United States coasts. The Caribbean Basin.
Security Initiative is another tool the United States has utilized since 2010 to deal with regional security problems, and offered the Caribbean's tactical location to U.S. homeland, we require to keep thinking about methods to enhance CBSI and better cooperate with the regional partners to control borders, block criminal groups 'ability to make use of liberal environments to their benefit. I am also worried about individuals from the Caribbean that have joined Islamic extremist organizations. Southern Command, General Kelly, testified before Congress that near 100 people had left the Caribbean to go battle in Syria. At a subsequent instruction, he specifically called Jamaica, Siriname, and Trinidad and Tobago as wesley financial group jobs having had people leave for the battleground. These threats to the United States and regional security ought to inspire everyone; offer us all a higher determination to do more to reinforce security cooperation. Additionally, I desire to explain at a previous subcommittee hearing on border security hazards in the region, I raised issues relating to reports that I had actually seen about person by financial investment programs in the Caribbean which have made it possible for scams, corruption, and exploitation by foreign nationals.